Corner Restaurant and Event
For Sale
$575,000
258 Hamilton Street, Geneva, NY 14456
CommercialSale, Geneva, NY
Property Size6,273 SF
Lot Size0.28 Acres
Price / SF$91.66
Days on Market86
Property Features for 258 Hamilton Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B1
Zoning description
Commercial
Rooms
Basement
Parking
25
Lot features
Rectangular, Rectangular Lot
Elementary school district
Geneva
Middle school district
Geneva
High school district
Geneva
Subdivision
Geneva-City-320500
Standard status
Active
APN
320500-104-014-0004-038-000-0000
Size
6,273 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
19660
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating), Forced Air
Cooling system
Central Air
Building Details
Year built
1900
Floors in Building
2
Flooring type
Linoleum, Vinyl, Carpet
Roof type
Asphalt
Listing Agency:
Coldwell Banker Finger Lakes · Coldwell Banker Real Estate
(315) 789-6768
Listed By:
John P. Parrott III · License #10301221870
(315) 789-6768
Added: May 29
Changed: Aug 19
Last Checked: Aug 22 at 9:06PM
MLS# R1684793
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 258 Hamilton Street, this 6,273-square-foot restaurant property occupies a 0.2806-acre corner lot in Geneva. The existing configuration includes expansive dining areas, a full-service bar, dedicated event space, and a commercial kitchen outfitted for on-site dining and off-site catering. The property also includes a basement, central air, forced-air heating, public sewer, and an asphalt roof.
The site is across from Hobart and William Smith Colleges and near Wegmans, with access to established pedestrian and vehicle activity in Geneva's business district. Its location also places the property near Seneca Lake and other Finger Lakes attractions.
B1 zoning supports the current restaurant-oriented configuration. Ample parking accommodates larger gatherings, while the existing layout provides flexibility for continued restaurant, bar, and event operations or a different commercial concept supported by the property's physical improvements.
The site is across from Hobart and William Smith Colleges and near Wegmans, with access to established pedestrian and vehicle activity in Geneva's business district. Its location also places the property near Seneca Lake and other Finger Lakes attractions.
B1 zoning supports the current restaurant-oriented configuration. Ample parking accommodates larger gatherings, while the existing layout provides flexibility for continued restaurant, bar, and event operations or a different commercial concept supported by the property's physical improvements.
Key Highlights
- 6,273‑square‑foot restaurant property on a 0.2806‑acre corner lot
- 258 Hamilton Street location across from Hobart and William Smith Colleges
- Near Wegmans, Seneca Lake, and Finger Lakes attractions
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,547
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$770,940
$770.9K
Cap Rate 7%
$550,671
$550.7K
Cap Rate 9%
$428,300
$428.3K
Market Conditions
NOI Build-Up for 6,273 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.5K $9.48/SF
− Vacancy
−$4.4K −$0.70/SF
EGI
$55.1K $8.78/SF
− OpEx
−$16.5K −$2.63/SF
NOI
$38.5K $6.14/SF
Area
Ontario County, NY
Vacancy
7.40%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$770,940
Cap Rate 7%
$550,671
Cap Rate 9%
$428,300
Alternative Uses
Best Use
Specialty Retail
$1.41M
$1.24M – $1.65M
NOI $98,980 @ 7.0% cap · market cap 17.21%
Second Best
Industrial
$550.7K
$481.8K – $642.5K
NOI $38,547 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,432 @ 7.0% cap · market cap 22.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
139k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 34%
Dining 32%
Shops & Services 22%
Office Supplies 4%
Wegmans
Groceries
47,136 visits/mo
0.2 miles
McDonald's
Dining
26,802 visits/mo
0.2 miles
Dollar Tree
Shops & Services
13,003 visits/mo
0.4 miles
Arby's
Dining
10,669 visits/mo
0.1 miles
Tim Hortons
Dining
6,967 visits/mo
0.5 miles
Demographics for 14456, NY
19,602
Population
9,087
Households
2.2
Avg Household Size
38
Median Age
34%
College-Educated
90%
High-School Grad
77.3 sq mi
ZIP Area
254
Density / Sq Mi
$74,691
Median Household Income
$38,782
Median Earnings
$967
Median Rent
$166,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Ling Ling Chinese Buffet — 481 Hamilton St, Geneva, NY 14456
Frequently Asked Questions
What type of property is this?
Conventional restaurant - B1-zoned property with a commercial kitchen, full-service bar, event areas, and on-site parking.
Where is this conventional restaurant located?
The property is located at 258 Hamilton Street Geneva, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 6,273‑square‑foot restaurant property on a 0.2806‑acre corner lot; 258 Hamilton Street location across from Hobart and William Smith Colleges; Near Wegmans, Seneca Lake, and Finger Lakes attractions
